Integrated Quantitative Investments LLC Makes New $358,000 Investment in Innodata Inc. (NASDAQ:INOD)

Integrated Quantitative Investments LLC acquired a new stake in Innodata Inc. (NASDAQ:INOD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,048 shares of the technology company’s stock, valued at approximately $358,000.

Several other institutional investors have also modified their holdings of INOD. Charles Schwab Investment Management Inc. increased its holdings in Innodata by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company’s stock valued at $1,291,000 after buying an additional 1,843 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Innodata by 38.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,443 shares of the technology company’s stock valued at $225,000 after acquiring an additional 3,739 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Innodata during the 3rd quarter worth about $318,000. Point72 Asset Management L.P. purchased a new stake in Innodata during the third quarter worth approximately $206,000. Finally, State Street Corp boosted its holdings in Innodata by 1.8% in the third quarter. State Street Corp now owns 537,301 shares of the technology company’s stock valued at $9,011,000 after purchasing an additional 9,408 shares in the last quarter. 30.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INOD has been the topic of a number of research analyst reports. Maxim Group raised their price objective on shares of Innodata from $54.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 21st. BWS Financial boosted their price target on shares of Innodata from $45.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Chardan Capital reaffirmed a “buy” rating and set a $45.00 price objective on shares of Innodata in a report on Friday, December 13th. Finally, Wedbush assumed coverage on Innodata in a research report on Thursday, December 19th. They set an “outperform” rating and a $48.00 target price on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Innodata currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Innodata Trading Down 10.1 %

Shares of Innodata stock opened at $29.97 on Friday. The company’s fifty day moving average is $45.04 and its two-hundred day moving average is $36.05. Innodata Inc. has a 1 year low of $5.46 and a 1 year high of $71.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $938.06 million, a P/E ratio of 35.26 and a beta of 2.59.

Innodata (NASDAQ:INOD) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.20. Innodata had a return on equity of 66.36% and a net margin of 16.81%. The firm had revenue of $59.18 million for the quarter, compared to analysts’ expectations of $53.01 million. Analysts forecast that Innodata Inc. will post 0.81 earnings per share for the current year.

Insider Transactions at Innodata

In related news, Director Nauman Sabeeh Toor sold 196,777 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $64.40, for a total transaction of $12,672,438.80. Following the completion of the transaction, the director now directly owns 12,417 shares of the company’s stock, valued at $799,654.80. This represents a 94.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Ashok Mishra sold 48,650 shares of Innodata stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.07, for a total value of $3,165,655.50. Following the completion of the sale, the chief operating officer now directly owns 60,000 shares in the company, valued at $3,904,200. This represents a 44.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,427 shares of company stock worth $17,790,794 over the last 90 days. 15.23% of the stock is currently owned by insiders.

Innodata Company Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.